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After 16 seasons in the NBA, Derek Fisher is still a valuable asset to any team and the Dallas Mavericks obviously know this, as they announced they had signed Fisher to an undisclosed contract.

ESPN Dallas/Fort Worth is reporting that coach Rick Carlisle broke the news of the veteran’s signing on Wednesday. The Mavs are obviously still confident in Fisher’s ability, since they currently have a full roster and will have to release a player to make room for the former Lakers star, but the move is also sort of a desperate one, as the team is depleted at the point guard position.

With Darren Collison out with a sprained right middle finger, Dallas was forced to give Dominique Jones his third career start in Wednesday’s 101-78 loss to the Chicago Bulls. Jones normally plays shooting guard. The only other point guard on the Dallas roster is Rodrigue Beaubois, who in 10 games this season, is averaging just 4.5 points.

“Right now, the point guard position is a challenge for us,” Carlisle said. “I think Derek can help us.”

Fisher’s role on teams has become increasingly limited in recent seasons, but there’s no doubt he can still play. In 63 games with the Los Angeles Lakers and the Oklahoma City Thunder last season, Fisher averaged 5.6 points and 2.7 assists, but in the playoffs, where he has often shined in the past, he scored 6.3 points for the Thunder in just 22 minutes per game.